Fast Identity Online

Fast Identity Online Market (FIDO) by Offerings (FIDO Authentication Devices, FIDO SDKs, Support Services), Protocols (FIDO2, Universal Authentication Framework (UAF), Universal Second Factor (U2F)), Deployment, Application, End-User - Global Forecast 2024-2030

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[197 Pages Report] The Fast Identity Online Market size was estimated at USD 18.54 billion in 2023 and expected to reach USD 21.07 billion in 2024, at a CAGR 15.23% to reach USD 50.02 billion by 2030.

Fast Identity Online Market
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Fast Identity Online (FIDO) is an open-standards-based, multi-factor authentication technology designed to make authentication more secure and easier for end users. The FIDO protocol enables users to authenticate securely using a variety of factors such as biometrics, passwords, or security tokens. FIDO also reduces the risk of phishing attacks by eliminating the requirement for users to enter their passwords on unsecured websites. FIDO works across a broad range of mobile devices and cloud-based applications, providing users with secure access from any device or platform. Government organizations and private enterprises are adopting FIDO solutions to enable strong multi-factor authentication, reducing IT costs associated with managing passwords, providing a more user-friendly experience, increasing security by eliminating static passwords, and allowing for secure remote access. The high costs of product deployment and limitations associated with interoperability and user inconvenience hamper the adoption of FIDO solutions. However, the ongoing initiatives and investments toward digitalization and enhancing the strong authentication for various end-users are expected to create opportunities for the FIDO market in the near future.

Regional Insights

The Americas represents a highly developing fast identity online market owing to the growing penetration of cloud-based and mobile applications, significant digitalization of the banking and financial sector, and ongoing investments by the regional market players to adopt FIDO solutions. The digital transformation initiatives and increasing penetration of FIDO solutions in government organizations and private enterprises across the EMEA region have promoted the demand for FIDO solutions in the region. Moreover, the Asia-Pacific region has enormous potential for the FIDO market due to the rising adoption of digitized payment platforms and advanced application authentication procedures. The elevating penetration of smartphones in the region with expanding use of two-factor and multi-factor authentication is expected to bolster the growth of the FIDO market in the coming years.

Market Dynamics

The market dynamics represent an ever-changing landscape of the Fast Identity Online Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Increasing numbers of phishing, malware, and cyber attacks associated with static passwords
    • Growing penetration of mobile devices and cloud-based applications
    • Rising deployment of two-factor authentication and multi-factor authentication in government organizations and private enterprises
  • Market Restraints
    • High costs of installation associated with FIDO solutions
  • Market Opportunities
    • Ongoing investments to accelerate availability of passwordless sign‑ins
    • Supportive government initiatives for digitalization of various end-user industries
  • Market Challenges
    • Limitations associated with interoperability and user-inconvenience
Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Fast Identity Online Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Fast Identity Online Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Fast Identity Online Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Fast Identity Online Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Fast Identity Online Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Fast Identity Online Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Fast Identity Online Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Fast Identity Online Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Fast Identity Online Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Fast Identity Online Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Fast Identity Online Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Fast Identity Online Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Clever Launches Multi-Factor Authentication to Help K-12 Schools Secure Sensitive Information With One Seamless Solution

    Clever aims to revolutionize the education technology industry with its new multi-factor authentication feature. This powerful security solution enables schools to protect sensitive information from potential threats while still providing a seamless user experience for students and teachers alike. By leveraging the latest in identity verification standards, Clever can provide a secure online learning environment without compromising the convenience of remote learning opportunities. [Published On: 2023-04-26]

  • Semperis Joins Microsoft Intelligent Security Association, Expanding Collaboration to Combat Identity-Related Cyber Threats

    Semperis has been accepted as a new member of the Microsoft Intelligent Security Association, aiming to strengthen their collaboration to protect against identity-related cyber threats. As part of this partnership, Semperis is expected to provide specialized solutions for identity protection on Azure Active Directory and Office 365 environments, leveraging their Identity Protection Platform's automated remediation capabilities and advanced machine learning (ML) algorithms, which are designed to detect malicious attacks and prevent data breaches. The new integration can provide customers with enhanced levels of security and peace of mind when it comes to protecting their sensitive digital assets. [Published On: 2023-03-14]

  • OPPO joins the FIDO Alliance, accelerating the arrival of a new era of passwordless sign-ins

    FIDO Alliance announced that OPPO joined their organization, furthering the commitment to making secure passwordless sign-ins a reality. OPPO's mobile devices support FIDO authentication services, giving users more choices in accessing their accounts and protecting them with the highest security standards available. [Published On: 2022-10-14]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Fast Identity Online Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Fast Identity Online Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Amazon Web Services, Inc., aPersona, Inc., Apple Inc., Avatier Corporation, Broadcom Inc., Cisco Systems, Inc., Entrust Corporation, ForgeRock, Inc., Fujitsu Limited, Google LLC by Alphabet Inc., IDEMIA, Intel Corporation, Jumio, Microsoft Corporation, NEC Corporation, Okta, Inc., One Identity LLC, OneSpan Inc., Ping Identity, RSA Security LLC, Safran S.A., SecureAuth Corporation, Semperis Inc., Signicat, Thales Group, The International Business Machines Corporation, Transmit Security, TWILIO, INC., and Yubico AB.

Fast Identity Online Market - Global Forecast 2024-2030
To learn more about this report, request a free PDF copy
Market Segmentation & Coverage

This research report categorizes the Fast Identity Online Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Offerings
    • FIDO Authentication Devices
    • FIDO SDKs
    • Support Services
  • Protocols
    • FIDO2
      • CTAP1
      • CTAP2
      • WebAuthn
    • Universal Authentication Framework (UAF)
    • Universal Second Factor (U2F)
  • Deployment
    • On-Cloud
    • On-Premises
  • Application
    • Application Level Encryption
    • Database Encryption
    • Payment Processing
    • PKI / Credential Management
  • End-User
    • Banking & Financial Services
    • Energy & Utility
    • Government
    • Healthcare & Lifesciences
    • Industrial & Manufacturing
    • IT and Telecommunication
    • Retail & Consumer Products

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Fast Identity Online Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Fast Identity Online Market, by Offerings
  7. Fast Identity Online Market, by Protocols
  8. Fast Identity Online Market, by Deployment
  9. Fast Identity Online Market, by Application
  10. Fast Identity Online Market, by End-User
  11. Americas Fast Identity Online Market
  12. Asia-Pacific Fast Identity Online Market
  13. Europe, Middle East & Africa Fast Identity Online Market
  14. Competitive Landscape
  15. Competitive Portfolio
  16. List of Figures [Total: 26]
  17. List of Tables [Total: 564]
  18. List of Companies Mentioned [Total: 30]
Utilizing Fast Identity Online (FIDO) to Boost Digitalization
July 16, 2023
Utilizing Fast Identity Online (FIDO) to Boost Digitalization
With the increasing digitalization of various industries, businesses need an efficient and secure way to authenticate user identities. Fast Identity Online (FIDO) is emerging as the standard for passwordless and multifactor authentication, and it's gaining government support for adoption. This blog post explores FIDO's benefits and how it can support secure digitalization.

What is FIDO?

FIDO is a set of open standards that provide a strong authentication framework for online services that can be supported across platforms and devices. FIDO's approach is based on public-key cryptography, which utilizes two keys- private and public- for secure authentication. FIDO's authentication process doesn't require passwords, making it fast, convenient, and secure.

Benefits of FIDO:

FIDO provides various benefits, including convenience, security, and scalability. Passwords are a weak point in many authentication systems and are often stolen, leaked, or misused. FIDO's passwordless approach eliminates the risk of password-related issues, enhancing user security and convenience. FIDO's multifactor authentication provides an additional layer of security, supporting secure digitalization.

FIDO's impact on digitalization:

FIDO's adoption can support secure digitalization by enhancing authentication and reducing risk. Passwordless and multifactor authentication can provide stronger security and improve user experience, supporting user adoption of digital services. FIDO's open standards and support across platforms can enable interoperability, enhancing scalability and reducing fragmentation.

FIDO implementation challenges:

Despite FIDO's benefits, implementing FIDO requires overcoming several challenges. User adoption and awareness are critical for successful FIDO implementation, and user education on FIDO's benefits and applications is necessary. FIDO implementation also requires infrastructure updates and investment, and organizations need to ensure the compatibility of their systems with FIDO. Addressing these challenges can support successful FIDO adoption.

Fast Identity Online (FIDO) is emerging as a standard for passwordless and multifactor authentication, and it's gaining government support for adoption. FIDO's benefits include convenience, security, and scalability, and its adoption can support secure digitalization. Governments worldwide are promoting FIDO's adoption, reflecting its potential to enhance digital security. However, implementing FIDO requires overcoming several challenges, including user awareness, infrastructure updates, and compatibility. Addressing these challenges can support successful FIDO adoption and enable secure digitalization.

Frequently Asked Questions
  1. How big is the Fast Identity Online Market?
    Ans. The Global Fast Identity Online Market size was estimated at USD 18.54 billion in 2023 and expected to reach USD 21.07 billion in 2024.
  2. What is the Fast Identity Online Market growth?
    Ans. The Global Fast Identity Online Market to grow USD 50.02 billion by 2030, at a CAGR of 15.23%
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